Portuguese 
English 
Spanish 
3 min of reading 
1 comment 
Elon Musk Reached US$ 500 Billion in Fortune, An Amount That Would Place Him as the 31st Largest Economy in the World, Ahead of Over 100 Countries and Close to Powers Like Singapore and Norway
At the beginning of October, Forbes reported a figure that seems straight out of fiction: Elon Musk reached the unprecedented mark of US$ 500.1 billion in net worth, an amount equivalent to R$ 2.66 trillion.
This amount, when compared to Gross Domestic Product, would place the magnate ahead of over 100 countries recognized by the UN, ranking in the 31st position among the largest economies on the planet.
The increase occurred after Tesla’s stocks registered a rise of over 4% in the market. In just this movement, Musk added US$ 9.3 billion to his wealth, which momentarily reached the level of US$ 500.1 billion before slightly retracting to US$ 499 billion.
-
Russia reveals that it is already conducting 95% of all its business with China without using a single dollar; dedollarization has ceased to be a promise and has become a reality in record time, and the West watches helplessly.
-
While Brazilians work more than 44 hours a week, Norwegians leave the office at 3 PM and are now testing a four-day workweek with full pay and no loss of productivity.
-
A legend of Brazilian TV is 75 years old, returned to narrate the World Cup for SBT, and still finds time to manage a farm of over 100 hectares in Rio Grande do Sul where she produces award-winning wines, olive oil, and raises cattle.
-
Family buys mansion destroyed by fire for $1.5 million, faces over 500 days of construction, transforms loss into high-end property, and leaves neighbors in awe.
The “Musk Country” in the Global Ranking
The comparison made based on data from the International Monetary Fund (IMF) shows that, with this amount, Elon Musk would surpass entire countries.
He would, for example, be ahead of South Africa (US$ 399 billion) and Denmark (US$ 460 billion).
At the same level, he would stand alongside solid economies such as Singapore (US$ 502 billion), Norway (US$ 523 billion), and Austria (US$ 540 billion).
To have an even clearer notion, the billionaire’s accumulated fortune would almost equal the combined GDP of Portugal (US$ 303 billion) and Greece (US$ 242 billion).
In the overall ranking, the “Elon Musk Country” would have a power comparable to members of the G20, but it would still be far from giants like Brazil, which holds the 10th position worldwide, with an estimated GDP of US$ 2.1 trillion — that is, Musk would need to multiply his wealth by more than four times to reach Brazil’s level.
Personal Fortune Is Not GDP
Despite the impact the comparison causes, experts remind us that net worth and GDP are different concepts.
Elon Musk’s wealth is mainly formed by shares in Tesla and SpaceX, representing a stock of assets accumulated over time. This value fluctuates daily, according to the performance of the companies in the market.
Moreover, it is not available cash: if the businessman attempted to sell a large part of these shares at once, the market itself would drastically reduce his valuation.
On the other hand, GDP measures the annual production of goods and services of a country, reflecting the actual economic activity during a given period.
In other words, Musk’s wealth cannot be directly compared to the flow of wealth generated by an entire nation.
Even so, the analogy gives an impressive dimension to the size of the billionaire’s fortune and how a single individual can accumulate wealth that rivals the economies of entire countries.
çiçek